Price entering consolidation period after break the bullish trend line
If break the support,
we expecting the price create a lower low and retrace for lower high.
target at major monthly support
currently testing the water...enter short with small lot..
more conservative way is waiting for a solid break down and pullback before entering short.
Positive RR 1:2
If break the support,
we expecting the price create a lower low and retrace for lower high.
target at major monthly support
currently testing the water...enter short with small lot..
more conservative way is waiting for a solid break down and pullback before entering short.
Positive RR 1:2
Note
This H1 is for scalping on short term.published new CADCHF idea with medium-long term short setup.
Trade closed: target reached
perfect TP..next, check out the medium-long term chart
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.